WASHINGTON
Jack Conklin Titans Jersey , April 13 (Xinhua) -- The International Monetary Fund (IMF) on Wednesday called for countries to prepare fiscal policies and work together to counter worsening global fiscal positions.
"Fiscal positions have worsened significantly since the April 2015 Fiscal Monitor, with public debt ratios being revised upward in most countries," said the IMF in its latest Fiscal Monitor report.
For emerging markets and middle-income economies, fiscal deficit ratios in 2015-16 are now expected to exceed the levels observed at the beginning of the global financial crisis. The fiscal positions of commodity exporters have been especially hard hit.
Advanced economies have also remained vulnerable in a context of high public debt, greater than 100 percent of gross domestic product (GDP) on average
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